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Victory Nickel Inc. - Minago Nickel Project

Cyr Drilling is drilling on Victory Nickel’s Minago Nickel Project located in the Thompson Nickel Belt, 225 kilometres south of Thompson, Manitoba. Diamond drilling equipment has been mobilized, and this phase of the work program will comprise a minimum 7,500 metres of drilling in the current pit shell and in the North Limb. The winter drilling program will upgrade inferred resources within the current pit limits to the indicated or measured categories so that it can be incorporated into the Minago economic evaluation and to attempt to incorporate areas at the top of the deposit near the sandstone contact that were excluded by Wardrop, a Tetra Tech Company, from the resource and reserve estimates due to a perceived lack of drill coverage. The drill program will also help to obtain additional geological information to improve the predictability of the geological model and to  further evaluate the potential of the North Limb mineralization and potentially produce an Exploration Target Mineralization Inventory ("ETMI") estimating the potential tonnage and grade of North Limb mineralization.